This means we liquidate purchase payments in the order they were made: the oldest unliquidated purchase payment first, the next oldest unliquidated purchase payment second, etc., until all purchase payments have been liquidated. The surrender charge as to any liquidated purchase payment is determined by multiplying the amount of the purchase payment being liquidated by the applicable percentage shown in the Schedule. The total surrender charge will be the sum of the surrender charges for each purchase payment being liquidated. In a partial withdrawal, the surrender charge is deducted from the Account Value remaining after you are paid the amount requested. The amount requested from a Sub-Account may not exceed the value of that Sub-Account less any applicable surrender charge. In a complete withdrawal (or surrender of this Contract), it is deducted from the amount otherwise payable. CHARGES -------------------------------------------------------------------------------- The types and amounts of charges and when and how they are deducted are described in the Schedule. OWNER, ANNUITANT AND BENEFICIARY -------------------------------------------------------------------------------- The Owner - You are the Owner of this Contract. You have the rights and options described in this Contract, including but not limited to the right to receive the income payments beginning on the Income Date. One or more people may own this Contract. The Annuitant - Unless another Annuitant is shown in the Schedule, you are also the Annuitant. You may name a Contingent Annuitant. You will be the Contingent Annuitant unless you name someone else. If there are joint Owners, we will treat the youngest Owner as the Contingent Annuitant, unless you elect otherwise. If you are not the Annuitant and the Annuitant dies before the Income Date, the Contingent Annuitant becomes the Annuitant. If the Annuitant dies and no Contingent Annuitant has been named, we will allow you sixty days to designate someone other than yourself as Annuitant. The Beneficiary - We pay the death benefit to the primary Beneficiary (unless there are joint Owners in which case proceeds are payable to the surviving Owner). If the primary Beneficiary dies before the Owner, the death benefit is paid to the Contingent Beneficiary, if any. If there is no surviving Beneficiary, we pay the death benefit to the Owner's estate. One or more persons may be named as primary Beneficiary or Contingent Beneficiary. We will assume any dea...
This means that either party may terminate Executive's employment for any reason with or without cause. Any termination of Executive's employment is, however, subject to the terms and provisions of this Agreement as to Severance Pay (as defined below) and Option vesting in accordance with Sections 3.2(a), 3.2(b) and 3.3(a).
This. SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE CLEARING AGENCY OR A NOMINEE OF THE CLEARING AGENCY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE CLEARING AGENCY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE CLEARING AGENCY TO A NOMINEE OF THE CLEARING AGENCY OR BY A NOMINEE OF THE CLEARING AGENCY TO THE CLEARING AGENCY OR ANOTHER NOMINEE OF THE CLEARING AGENCY OR TO A SUCCESSOR CLEARING AGENCY OR TO A NOMINEE OF SUCH SUCCESSOR) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 XXXXX XXXXXX, XXX XXXX, XXX XXXX) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF TIE DEPOSITORY TRUST COMPANY AND ANY PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE TIE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN."
More Definitions of This
This means we liquidate purchase payments in the order they were made: the oldest unliquidated purchase payment first, the next oldest unliquidated purchase payment second, etc. until all purchase payments have been liquidated. The surrender charge as to any liquidated purchase payment is determined by multiplying the amount of the purchase payment being liquidated by the applicable percentage shown in the Schedule. The total surrender charge will be the sum of the surrender charges for each purchase payment being liquidated. In a partial withdrawal, the surrender charge is deducted from the Account Value remaining after you are paid the amount requested. The amount requested from a Sub-Account may not exceed the value of that Sub-Account less any applicable surrender charge. In a complete withdrawal (or surrender of this Contract), it is deducted from the amount otherwise payable. BORROWING PART OF YOUR ACCOUNT VALUE -------------------------------------------------------------------------------- While this Contract is in force and after the Free-Look Period, you may request a loan by giving us Satisfactory Notice. Unless specified otherwise, an amount equal to the loan will be transferred from the Sub-Accounts to the Loan Account in proportion to the Account Value in each Sub-Account in which you are invested as of the date we process the loan. This Contract will be the only security we require for the loan. The minimum loan amount is also shown in the Schedule. A loan may be a taxable event and may affect the amount of the Death Proceeds payable under this Contract.
This means that either Employer or PMI may terminate Employee's employment with PMI at any time, for any reason, with or without cause or notice. No express or implied agreement contrary to this at-will employment provision exists between Employee and PMI. In the event that Employee is terminated, Employee will receive salary continuation pay of full-salary for the first three months after termination, and half-salary for the second three months after termination, until Employee is employed by a recognized company, but in no case more than six months of salary continuation.
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This means that either Employee or the Company may terminate the Employee's Employment at any time for any reason, with or without Cause (as defined below). Any contrary representations which may have been made to the Employee shall be superseded by this Agreement. This Agreement shall constitute the full and complete agreement between the Employee and the Company on the "at will" nature of the Employee's Employment, which may only be changed in an express written agreement signed by the Employee and the CEO.
This means you choose not to participate in the settlement. You will keep your individual claims against Defendant but you will not receive a payment. If you exclude yourself from the settlement but want to recover against Defendant, you will have to file a separate lawsuit or claim. OBJECT TO THE SETTLEMENT You can file an objection with the Court explaining why you believe the Court should reject the settlement. If your objection is overruled by the Court, then you will receive a payment and you will not be able to xxx Defendant for the claims asserted in this litigation. If the Court agrees with your objection, then the settlement may not be approved. These rights and options – and the deadlines to exercise them – along with the material terms of the settlement are explained in this Notice. BASIC INFORMATION
This means that the Employee is free to resign at will, at any time, with or without notice, and with or without cause. Similarly, the Company may terminate the employment relationship at will, at any time, with or without notice, and with or without cause. The Employee further understands and acknowledges that no individual other than by an authorized officer of the Company (other than the Employee) has the authority to enter into any other agreement that modifies the Employee's "at-will" status. Any such modification must be in a single writing signed by both the Employee and by an authorized officer of the Company. If the Employee's employment terminates for any reason (without limitation) prior to a Change of Control (as defined in paragraph 2(a), above), the Employee shall not be entitled to any of the compensation (or any portion thereof), described in paragraph 1(a) of this Agreement.
This means that the company or Employee may terminate Employee's employment at any time, with or without cause or prior notice, or for any or no reason whatsoever. Nothing in this Agreement shall be construed to require the Employer to terminate the Employee's employment for "just cause." Employee acknowledges and understands that under no circumstances whatsoever shall verbal statements made by any individual employed by or affiliated with Employer, including without limitation, the owner, president, chairman of the board of directors or any other individual, alter or in any way modify the "at will" nature of Employee's employment. Employee further acknowledges that the only allowable method to alter, change or modify the "at will" nature of this Employment Agreement and Employee's employment with Employer is through the mutual assent of Employer and Employee in writing. No representative of the company has the authority to enter into any agreement or promise to employ Employee on any terms and conditions different from those set forth herein, except the president of the company and then only when done so by written agreement signed by the president and employee.